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Contents:
  1. US History: Industrial Revolution for Kids
  2. Industrial Revolution
  3. Financialization and Economic Development: A Debate on the Social Efficiency of Modern Finance

As industrialization creates economic growth , the demand for the improved education and public works agencies that are characteristic of urban areas increases. Once an area is industrialized, the process of urbanization continues for a much longer period of time as the area goes through several phases of economic and social reform. Each city has a progressively higher level of social, environmental and economic prosperity achieved through increased education, government intervention, and social reform. For related reading, see " Is Industrialization Good for the Economy?

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US History: Industrial Revolution for Kids

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Bank 4.0 and the Future of Financial Services

Economy Economics. Compare Investment Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. Some factories were likened to prisons or barracks, where workers encountered harsh discipline enforced by factory owners.

Industrial Revolution

Many children were sent there from workhouses or orphanages to work long hours in hot, dusty conditions, and were forced to crawl through narrow spaces between fast-moving machinery. A working day of 12 hours was not uncommon, and accidents happened frequently. Though many mines stood close to rivers or the sea, the shipping of coal was slowed down by unpredictable tides and weather. Because of the growing demand for this essential raw material, many mine owners and industrial speculators began financing new networks of canals, in order to link their mines more effectively with the growing centres of population and industry.

perecomacca.cf The early canals were small but highly beneficial. In , for example, the Duke of Bridgewater opened a canal between his colliery at Worsley and the rapidly growing town of Manchester.


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Other canal building schemes were quickly authorised by Acts of Parliament, in order to link up an expanding network of rivers and waterways. By , over 2, miles of canals were in use in Britain, carrying thousands of tonnes of raw materials and manufactured goods by horse-drawn barge. Most roads were in a terrible state early in this period. Many were poorly maintained and even major routes flooded during the winter. Journeys by stagecoach were long and uncomfortable. London in particular suffered badly when wagons and carts were bogged down in poor conditions and were left unable to deliver food to markets.

Financialization and Economic Development: A Debate on the Social Efficiency of Modern Finance

The improvements achieved by 18th century road builders were breathtaking. By the s the stagecoach journey from London to Edinburgh took just two days, compared to nearly two weeks only half a century before. Dr Matthew White is Research Fellow in History at the University of Hertfordshire where he specialises in the social history of London during the 18th and 19th centuries.

His most recently published work has looked at changing modes of public justice in the 18th and 19th centuries with particular reference to the part played by crowds at executions and other judicial punishments. The text in this article is available under the Creative Commons License.


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The Industrial Revolution. Article written by: Matthew White Published: 14 Oct In this article Matthew White explores the industrial revolution which changed the landscape and infrastructure of Britain forever. Early industry Early 18th century British industries were generally small scale and relatively unsophisticated. Steam and coal Because there were limited sources of power, industrial development during the early s was initially slow. Factories The spinning of cotton into threads for weaving into cloth had traditionally taken place in the homes of textile workers.

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